Wednesday, October 29, 2008
GM CHRYSLER MERGER-Will The Feds Help?
While all parties involved with the General Motors and Chrysler merger await any news, the auto analyst believe the deal is coming.
The rumors and reports indicate the deal is done, but still nothing official!
It seems the merger is hinging on an influx of cash from the Treasury to help facilitate the merger,But will the Fed's give up billions with nothing in return?
When the federal Government bailed out Chrysler in the 1980's the UAW had to give up benefits and pay cuts to get the federal aid.
Will GM UAW workers have to give up pay and benefits to save their failing company?
Will thousands of jobs be lost from Chrysler and GM?
This deal is either going to be to complex to help everyone or to simple to believe it happened!
All the auto sources believe we will hear something by 11/1/08!
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